After witnessing a bloodbath in the previous session, Sensex and Nifty were trading in the green during the noon session on Friday. The BSE was trading 768 points up at 34,769 levels, while the NSE jumped 242 point to trade at 10,477 levels.
The rally was attributed to sharp gains in Reliance Industries, ITC, HDFC twins, ICICI Bank, and Maruti on the BSE. Conversely, Dr Reddy’s, Tech Mahindra, Goderj Consumer Projects, HCL Tech, and TCS were still trading in the red.
Moreover, the Nifty Auto index was leading the sectoral indices by gaining 4%. The Nifty Metal, Realty, and FMCG too joined the gainers group by witnessing a rally of 4%, 3.5% and 3%, respectively.